HYPE drops to $22.4, hitting its lowest price since May 8
BlockBeats News, December 19, according to market data, HYPE has dropped 7.7% in the past 24 hours and is now trading at $22.4, marking the lowest price since May 8, 2025. This represents a decline of over 62% from its all-time high of $59.4. The current total market capitalization is $7.6 billion.
Hyperliquid's first token unlock took place on November 29 at 15:30 (UTC+8), unlocking 9.92 million HYPE tokens worth $312 million, accounting for 2.66% of the circulating supply. After the unlock on that day, HYPE did not experience significant price fluctuations and was reported at $34.4. This unlock is the first since the TGE in November 2024. According to the official Medium article, core contributor tokens are locked for one year after the TGE, with most vesting to be completed between 2027 and 2028.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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